Minerva Knitwear (ATH:MIN) Operating Income: €1.40 Mil (TTM As of Dec. 2025)

What is Minerva Knitwear Operating Income?

Minerva Knitwear ATH:MIN +1.61% 35 Operating Income is €1.40 Mil as of Dec. 2025. GuruFocus rates ATH:MIN with a GF Score™ of 35/100 and a GF Value™ of €0.58 (Fairly Valued). The stock has 5 warning signs investors should review.

Minerva Knitwear's Operating Income for the six months ended in Dec. 2025 was €1.29 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €1.40 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Minerva Knitwear's Operating Income for the six months ended in Dec. 2025 was €1.29 Mil. Minerva Knitwear's Revenue for the six months ended in Dec. 2025 was €11.14 Mil. Therefore, Minerva Knitwear's Operating Margin % for the quarter that ended in Dec. 2025 was 11.56%.

Good Sign:

Minerva Knitwear SA operating margin is expanding. Margin expansion is usually a good sign.

Minerva Knitwear's 5-Year average Growth Rate for Operating Margin % was 14.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Minerva Knitwear's annualized ROC % for the quarter that ended in Dec. 2025 was 7.98%. Minerva Knitwear's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.33%.

Minerva Knitwear (ATH:MIN) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Minerva Knitwear's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	2.576 * ( 1 - 26.98% )	/	( (23.898	+	23.244)	/ 2 )
=	1.8809952	/	23.571
=	7.98 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	28.473	-	4.122	-	( 0.453	-	max(0, 9.1	-	13.788	+	0.453	))
=	23.898

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	28.014	-	4.136	-	( 0.634	-	max(0, 8.801	-	13.539	+	0.634	))
=	23.244

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Minerva Knitwear's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.994	/	( ( (14.482 + max(7.142, 0))	+	(14.271 + max(6.836, 0)) )	/	2 )
=	1.994	/	( ( 21.624	+	21.107 )	/	2 )
=	1.994	/	21.3655
=	9.33 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.199	+	8.473	+	-0.0010000000000012)	-	(4.122	+	0	+	0.407)
=	7.142

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.012	+	7.328	+	-1.7763568394003E-15)	-	(4.136	+	0	+	0.368)
=	6.836

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Minerva Knitwear's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2025 )	/	Revenue (Q: Dec. 2025 )
	=	1.288	/	11.144
	=	11.56 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Minerva Knitwear Operating Income Related Terms

Minerva Knitwear Operating Income Historical Data

* Premium members only.

The historical data trend for Minerva Knitwear's Operating Income can be seen below:

Minerva Knitwear Operating Income Chart

Minerva Knitwear Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

Get a 7-Day Free Trial

1.42

1.45

1.28

1.37

1.40

Minerva Knitwear Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Operating Income	Get a 7-Day Free Trial														1.00	0.10	1.27	0.11	1.29

35GF Score

Minerva Knitwear SA ATH:MIN

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Minerva Knitwear Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1.40 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of €1.40 Mil mean?

Minerva Knitwear (ATH:MIN) has a Operating Income of €1.40 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Minerva Knitwear and its competitors.

Is Minerva Knitwear's Operating Income too high?

Minerva Knitwear's current Operating Income is €1.40 Mil. Overall, Minerva Knitwear has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Minerva Knitwear's Operating Income compare to AIN?

Minerva Knitwear's Operating Income of €1.40 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Manufacturing - Apparel & Accessories company?

A good Operating Income depends on the Manufacturing - Apparel & Accessories industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Minerva Knitwear and its competitors. Minerva Knitwear's current Operating Income is €1.40 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Minerva Knitwear stock overvalued right now?

Based on GuruFocus' analysis, Minerva Knitwear (ATH:MIN) is currently considered Fairly Valued. The stock's GF Value™ is €0.58, compared to a current price of €0.63 — trading 8.6% above its estimated fair value. The current Operating Income is €1.40 Mil. Minerva Knitwear's overall GF Score™ is 35/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Minerva Knitwear (ATH:MIN), the current Operating Income is €1.40 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Minerva Knitwear (ATH:MIN) Overvalued in 2026?

Based on GuruFocus' analysis, Minerva Knitwear stock appears to be overvalued. The current stock price of €0.63 is trading 8.6% above its estimated GF Value™ of €0.58. GuruFocus considers Minerva Knitwear to be Fairly Valued.

Key valuation signals for ATH:MIN:

Operating Income: €1.40 Mil
GF Value™: €0.58 vs. price of €0.63 (8.6% above fair value)
GF Score™: 35/100 with 5 warning signs

No single metric tells the full story. See the ATH:MIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Minerva Knitwear Business Description

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies ATH:AAAK ATH:LANAC SZSE:301526 TSE:3402 SHSE:601233 HKSE:02313 SHSE:603306 TPE:1402 TSE:3110 BOM:532889 SHSE:600295 SZSE:000158 IST:SASA SHSE:605006 SHSE:600120 AIN LSE:COA BOM:502986 SZSE:300819 TPE:2915

Address 6th klm Thessaloniki - Oraiokastro, Thessaloniki, GRC, 564 29

Website http://www.minerva.gr

Minerva Knitwear SA is engaged in manufacturing, processing and trading of woollen and cotton products, and other textile raw materials. The company's products include men's, women's and children's underwear, men's, women's and children's sleep body-suits-pyjamas, Home-wear clothes for the winter and beachwear for the summer, blouses, T-Shirts, and women's Lingerie.

35GF Score

Get the complete analysis for ATH:MIN

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.63

Price

€0.58

GF Value

View ATH:MIN Analysis

See Operating Income data for all stocks →